GTY Technologies, a Boston, MA-based supplier of cloud-based options for the general public sector, acquired Ion Wave Technologies a Springfield, MO-based supplier of a digital SaaS options for the general public sector.
The quantity of the deal was not disclosed.
With the acquisition, GTY Expertise will mix assets from Ion Wave and its subsidiary, Bonfire, to enhance the options and buyer expertise public sector procurement businesses really need. Moreover, this acquisition permits GTY to develop into a brand new enterprise class – Okay-12 schooling administration – with Ion Wave’s SpedTrack resolution.
Led by CEO Darren Henderson, Ion Wave is a frontrunner in authorities procurement that provides distinctive sourcing software program and a community of suppliers for consumers. The answer supplies sourcing instruments designed for presidency businesses, insightful and information reporting, and an general simplified sourcing course of for presidency procurement groups. The acquisition additionally consists of Ion Wave’s SpedTrack product, a mission-critical software program resolution for varsity districts to handle particular education schemes. Each Ion Wave and SpedTrack will proceed to be supplied beneath the GTY umbrella of merchandise. GTY’s SaaS options present digital instruments for back-office workflows spanning grants, permits, procurement, funds, and finances, all particularly designed for the general public sector.
Led by CEO TJ Parass, GTY Expertise supplies a cloud software program platform to ship trendy options for state and native governments, schooling establishments and healthcare organizations. Constructed for the general public sector, the suite of options help the coverage, regulation and compliance necessities distinctive to the general public sector. Public Administrative options for budgeting (Questica and Sherpa), grants administration (eCivis) and procurement options for each authorities consumers and suppliers (Bonfire) and (DemandStar) to modernize the end-to-end sourcing course of and enhance effectivity, transparency and collaboration. Civic Engagement options for funds (CityBase) and permits (OpenCounter) ship efficiencies whereas bettering citizen entry and satisfaction. Greater than 3,000 businesses throughout North America leverage its options.
With Bonfire’s acquisition of DemandStar in December 2022, they now preserve a community of over 500,000 suppliers. With Bonfire and Ion Wave working in tandem, GTY could have a big buyer-supplier networks in North America servicing roughly 2,200 businesses and 700,000 suppliers.